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Natural gas shipments to Mexico broke record in June

CE Noticias Financieras  


    The Energy Information Agency (EIA) of the United States reported that in June there was the largest shipment of natural gas to Mexico, which breaks the psychological barrier of 200 billion cubic feet.according to the EIA, in the sixth month of the year, 203 billion 526 million cubic feet were brought into the country.this means a new record in natural gas imports from the United States through pipelines since records have been kept.Previously, the highest import record occurred in June 2021 with 198 thousand 242 million cubic feet; followed by July 2021, with 197 thousand 623 million cubic feet and May 2023 with 194 thousand 352 million cubic feet, in addition to the import of 34 million cubic feet of natural gas by pipeline transportation, while the EIA did not record figures for shipments by ship, as well as for re-exports. As for the export price by pipeline, it registered an average of 2.25 dollars per thousand cubic feet, which represented an increase of 14 percent compared to the previous month, when it averaged 1.97 dollars, but a decrease of 71 percent since in the same month of 2022 gas was shipped at 7.95 dollars per thousand cubic feet.In this regard, the Economic Commission for Latin America and the Caribbean (ECLAC) stated that natural gas consumption in Mexico has grown considerably in recent years to become the energy source with the highest share in primary energy use, mainly due to its increased use in electricity generation to replace coal and oil and its derivatives. In addition, the United States has a natural gas market that offers proximity, availability and low energy prices. "The growing demand for natural gas is satisfied with greater imports, since production cannot keep up with demand, so the gap has to be closed with imports that today represent 70 percent of the country's total consumption and up to 93 percent of the total when dry gas consumed by the oil industry is excluded", explains ECLAC.


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